Close  

JV Ejercito wants Senate probe on alleged sugar price manipulation

/ 04:45 PM April 26, 2019

MANILA, Philippines — Senator JV Ejercito on Friday urged a Senate investigation on the rise in sugar prices, which he said may “unmask” the people behind the “highly irregular” increase.

“I will file a resolution urging the Senate to investigate the increase in sugar prices, especially here in Manila. One of the directions of this investigation is to unmask the people behind this,”
said Ejercito, one of the authors of the Sugar Cane Industry Development Act.

ADVERTISEMENT

“But what is important and urgent right now is a quick government intervention to lower the price and protect the consumers and end-users as well as the sugar farmers and producers,” he added.

READ: Rise in sugar retail prices questioned

FEATURED STORIES

The senator said officials of the Department of Trade and Industry, Department of Agriculture, and the Sugar Regulatory Board should explain the “highly irregular” rise in sugar prices in Metro Manila and other parts of the country in a Senate hearing.

Given that production of sugar was high and supply was adequate, Ejercito said he suspects that some “dirty hands” are manipulating market prices.

READ: DA, DTI urged to probe alleged sugar price manipulation

The senator said the prevailing farmgate price of raw or brown sugar is P30 per kilo, according to farmers. But in Metro Manila and other areas, consumers were reportedly complaining about the price of sugar.

“Unfair naman ito sa mga magsasaka dahil sila ang talagang nagtatrabaho ‘tapos ang nakikinabang ng husto ay iba. At unfair din sa mga consumers,” the senator said.

(This is unfair to the farmers since they are working hard and other people gain more. It’s also unfair to the consumers.)

“We will see where the Senate probe will lead us to,” he added. /ee

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: JV Ejercito, Philippine News, Senate probe, sugar prices
For feedback, complaints, or inquiries, contact us.
newsinfo

Oral polio vaccination drive in Mindanao extended

December 10, 2019 04:18 AM

newsinfo

P500M set aside for ex-ARMM gov’t workers

December 10, 2019 04:18 AM

newsinfo

Baguio chill returns amid ‘amihan’

December 10, 2019 04:17 AM

entertainment

Will U2 honor Cory, Leila and Leni in Dec. 11 concert?

December 10, 2019 04:10 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.